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Letter to Tax Office / Inland Revenue Department

Tax Exemption of Self-use Property

This is a Letter to the Tax Office / Inland Revenue Department clarifying the original intention of purchase of a self-use property and why it should be exempted from tax.

The letter is addressed to the Commissioner of Taxation / Tax Office / Tax Bureau / Inland Revenue Department. The sender is writing to clarify the intention of purchase of a self-use property and why it should therefore be exempted from tax. Through the letter, the sender essentially makes it clear through an explanation that when the property was acquired the motive was for long term self-use rather than for reasons of profit / profit-seeking incentives. As such, any gains that are made from the disposal of the property are justified by the fact that the gains are capital in nature. Documentary evidence can be attached to substantiate this claim. 

How to use this Document?

This document can be used to draft a letter to the Tax Office following a letter enquiring about the disposal of property to clarify the intention of self-use.

The user should make clear the original intention of purchase, thereby clarifying that the property was acquired for self-use purposes rather than for profit-seeking motives. Explanations as to the circumstances should follow to substantiate the claim and clarify why the property should be exempt from tax. Users should also attach documentary evidence for consideration. 

How to Tailor the Document for Your Need?

1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee. 

 
Commissioner of Taxation
Tax Office
Tax Bureau
Inland Revenue Department
tax
property
self-use
intention
original intention
exempt
exemption
disposal
capital gain
capital gain tax
profit tax
exempt
exemption

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